This property looks like a bad Long-Term investment with a projected -17.26% first-year return on $71,399 initial cash invested.
-17.26%
Cash On Cash
2.76%
Cap Rate
0.45
DSCR
$1,606
Rent
-$1,027
Cashflow
Cash Flow
$1,606 income − $2,633 expenses = $1,027 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,399
Downpayment
20%
$67,999
Closing costs
1%
$3,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,606
Total Expenses
$2,633
Mortgage P&I
108%
$1,729
Property Taxes
23%
$368
Home Insurance
7%
$119
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0